the cost and accessibility of credit and money to support a strong economy. The Fed has been given two equal objectives by Congress for monetary policy: maximum employment comes first.
What does financial system seem like in exercise?
Monetary policy refers to the steps taken by a country's central bank to control the money supply in order to ensure economic stability. To enhance employment, GDP, and stable prices, for instance, policymakers control the flow of money using tools like bond yields, deposits, bonds, etc.
What does monetary policy primarily aim to achieve?
The two main objectives of monetary policy are to encourage "maximum" sustainable output and employment as well as "stable" prices. The Federal Reserve Act was amended in 1977 to include these objectives.
To know more about monetary policy visit:
https://brainly.com/question/28199887
#SPJ4
